Disaster recovery efforts can be complicated even without a challenging insurance market. Valencia on the Gulf, a condominium community nestled on the normally picturesque beach in Venice, Fla., was among the many neighborhoods that got hammered by Hurricane Ian. Under the leadership of its community manager, Valencia is well on its way to recovery.
Community associations must take seriously new mandatory filing requirements under the Corporate Transparency Act, legal experts advise. Existing community associations must comply with the law’s reporting requirements by Jan. 1, 2025. New community associations have 30 days after incorporation to file. Information also must be updated following changes in governance such as the election of directors.
Jeevan J. D’Mello, CMCA, AMS, LSM, PCAM, chief executive of Zenesis Corp., in Dubai, United Arab Emirates, began his term as president of the CAI Board of Trustees earlier this year, ushering in a new era of global collaboration and local impact in the organization’s more than 50-year history.
Happy homeowners need to speak up about their community association experiences, particularly when legislative updates are being considered. We have a voice that matters in the process. Learn how to use it.
Since the 1970s, community associations have been a popular housing choice for people around the world—and the number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research, an affiliate organization of Community Associations Institute (CAI).